PDS Planning Inc Has $371,000 Stock Position in KLA Co. (NASDAQ:KLAC)

PDS Planning Inc raised its position in KLA Co. (NASDAQ:KLAC) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 588 shares of the semiconductor company’s stock after acquiring an additional 72 shares during the period. PDS Planning Inc’s holdings in KLA were worth $371,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KLAC. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in shares of KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLA stock opened at $710.00 on Wednesday. The firm has a market cap of $94.35 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The stock’s 50-day moving average is $727.78 and its 200-day moving average is $704.39. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $830.67.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.